SMSF

Self Managed SuperFfund trustees must show that non-arm’s length income does not arise - image

Non-commercial Limited Recourse Borrowing Arrangements Scrutinised by ATO

Non-arm’s length income (NALI) and limited recourse borrowing arrangements (LRBAs) The ATO has released ATOID 2014/39 and ATOID 2014/40 which set out the ATO’s view that the NALI (non-arm’s length income) provision applies to the non-commercial LRBAs involving related parties. The Australian Tax Office advised that these ATOIDs should not be seen as concluding that all related-party LRBAs […]

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We also provide services such as preparation of financial reports to comply with the Corporations Act and Australian Accounting Standards.

Self Managed Super Fund Audits – Is Your SMSF Auditor Registered?

Why identify approved SMSF auditors? The Self-managed superannuation fund (SMSF) auditor registration reform is part of the Australian Government’s Stronger Super reforms. The initiative has been implemented to improve the integrity of the audit process and set minimum levels of competency standards for approved SMSF auditors. Auditors who aren’t registered cannot sign off SMSF audits for

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We also provide services such as preparation of financial reports to comply with the Corporations Act and Australian Accounting Standards.

Self Managed Super Funds Updates

Registered auditors for Self Managed Super Funds From 1 July 2013, SMSF trustees are required to appoint an approved SMSF auditor who is registered with the Australian Securities & Investments Commission (ASIC) to conduct audits. Check your SMSF auditor’s registration with ASIC You should check whether your SMSF auditor is registered with ASIC. ASIC maintains

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